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Before deciding on a bank to apply for a CD (Certificates of Deposit) account, it is important to compare the rates across different banks. There are huge differences in rates and other norms. Let us compare competitive CD rates offered by top banks.

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Bank Term Rate (% APY) Opening Balance Monthly Fees Compounded
Ally Bank3
6
9
12
18
24
36
48
60
0.89%
1.24%
1.08%
1.60%
1.73%
2.04%
2.49%
2.74%
3.15%
0$ 0$ Daily
Ever Bank3
12
36
60
0.95%
1.55%
2.20%
3.41%
> 1500$ 0$ Not Given
American Express FSB6
12
18
24
36
48
60
1.00%
1.50%
1.65%
2.00%
2.25%
2.50%
2.95%
Intial deposit options would be presented
when opening an account online
0$ Not Given
AIG Bank6
12
18
24
36
60
1.10%
1.60%
1.70%
2.05%
2.45%
3.05%
2500$ Not Given Monthly
NOVA Bank3
6
12
18
24
36
48
60
0.75%
1.00%
1.60%
1.80%
2.00%
2.40%
2.60%
2.85%
500$ Fees depends upon balance Not Given
note

APY is a measure of the net income when interest rates are calculated. APY is higher than the interest rates.

Apart from the comparison points presented above, there can be several hidden charges or stringent rules. These can be known only by speaking to bank support.

Tags: CD Accounts, US
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